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Graham Holdings Co (Graham Holdings Co) Cyclically Adjusted PB Ratio : 0.97 (As of Jun. 06, 2024)


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What is Graham Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Graham Holdings Co's current share price is $722.33. Graham Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $742.29. Graham Holdings Co's Cyclically Adjusted PB Ratio for today is 0.97.

The historical rank and industry rank for Graham Holdings Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

GHC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.2   Max: 1.82
Current: 0.99

During the past years, Graham Holdings Co's highest Cyclically Adjusted PB Ratio was 1.82. The lowest was 0.67. And the median was 1.20.

GHC's Cyclically Adjusted PB Ratio is ranked better than
54.29% of 140 companies
in the Education industry
Industry Median: 1.175 vs GHC: 0.99

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Graham Holdings Co's adjusted book value per share data for the three months ended in Mar. 2024 was $908.529. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $742.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graham Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Graham Holdings Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Graham Holdings Co Cyclically Adjusted PB Ratio Chart

Graham Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.05 1.07 0.91 0.97

Graham Holdings Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.81 0.81 0.97 1.03

Competitive Comparison of Graham Holdings Co's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, Graham Holdings Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Graham Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Graham Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Graham Holdings Co's Cyclically Adjusted PB Ratio falls into.



Graham Holdings Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Graham Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=722.33/742.29
=0.97

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Graham Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Graham Holdings Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=908.529/131.7762*131.7762
=908.529

Current CPI (Mar. 2024) = 131.7762.

Graham Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 488.875 100.560 640.637
201409 498.874 100.428 654.597
201412 541.544 99.070 720.327
201503 535.297 99.621 708.077
201506 544.017 100.684 712.015
201509 438.839 100.392 576.030
201512 429.146 99.792 566.689
201603 433.062 100.470 568.001
201606 440.144 101.688 570.377
201609 446.598 101.861 577.758
201612 439.876 101.863 569.052
201703 443.711 102.862 568.436
201706 453.488 103.349 578.224
201709 462.900 104.136 585.767
201712 529.594 104.011 670.966
201803 536.896 105.290 671.958
201806 538.177 106.317 667.053
201809 559.664 106.507 692.448
201812 550.237 105.998 684.053
201903 563.243 107.251 692.044
201906 570.621 108.070 695.795
201909 574.292 108.329 698.592
201912 624.829 108.420 759.431
202003 611.292 108.902 739.694
202006 621.523 108.767 753.001
202009 647.125 109.815 776.540
202012 754.451 109.897 904.655
202103 771.270 111.754 909.450
202106 793.386 114.631 912.048
202109 798.291 115.734 908.942
202112 896.763 117.630 1,004.612
202203 911.422 121.301 990.130
202206 888.329 125.017 936.359
202209 884.825 125.227 931.104
202212 779.548 125.222 820.351
202303 786.634 127.348 813.988
202306 813.176 128.729 832.427
202309 805.545 129.860 817.435
202312 887.677 129.419 903.842
202403 908.529 131.776 908.529

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Graham Holdings Co  (NYSE:GHC) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Graham Holdings Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Graham Holdings Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Graham Holdings Co (Graham Holdings Co) Business Description

Traded in Other Exchanges
Address
1300 North 17th Street, 17th Floor, Arlington, VA, USA, 22209
Graham Holdings Co. is a diversified education and media company made up of subsidiaries. Firm operations include educational services; television broadcasting; online, print, and local news; home health and hospice care; and manufacturing. The Company segments into the following seven reportable segments: Kaplan International, Higher Education, Supplemental Education, Television Broadcasting, Manufacturing, Healthcare, and Automotive. The majority of revenue comes from the Kaplan International segment, which includes higher education, test preparation, language instruction, and professional training. A large portion of company revenue also comes from the television broadcasting segment through advertising.
Executives
Thomas Sinnickson Gayner director C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Tony Allen director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Timothy J O'shaughnessy director, officer: President and CEO C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Marcel A. Snyman officer: VP & Chief Accounting Officer C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Danielle Y. Conley director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Christopher C Davis director C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Sandra M. Stonesifer officer: VP, Chief HR Officer C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Jack A. Markell director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Andrew Stephen Rosen officer: Executive Vice President C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST, SUITE 1700, ARLINGTON VA 22209
Lee C Bollinger director 535 WEST 116TH STREET, LOW LIBRARY, ROOM 202, NEW YORK NY 10027
Katharine Weymouth director 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Anne M Mulcahy director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST, SUITE 1700, ARLINGTON VA 22209
Jacob Maas, officer: Sr. VP-Planning and Dev. C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Denise M Demeter officer: VP and Chief HR Officer 1300 17TH STREET NORTH, SUITE 1700, ROSSLYN VA 22209
Donald Graham director, 10 percent owner, officer: CEO and COB C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209